country flagالعربية
0
0

RoyalM Daily Technical Analysis | 19 October 2017

2017-10-19 11:13 am | Resource: Technical Analysis Section | No Views : 318

Royal Mail shares are trading in a bullish direction over the 240-minute interval as a result of the breach of the bearish trend line with a price gap higher.

RoyalM Daily Technical Analysis | 19 October 2017

From the previous chart, we see that the stock succeeded in penetrating the previous 0.23 Fibonacci retracement level and approaching the level of 394.39 Euro failed to breach 3 times and started to trade sideways below this level.
The MACD indicates a decrease in buyers' resolve since, the histogram columns formed a lower peak than others, which indicates weak buyers
It is expected that, if Royal Mail failed to breach the level of 394.39 Euro may target levels of 384.66 on the other side, if the breach of the level of 394.39 may target 402.49
Support: 384 - 380 - 370
Resistance: 394.39- 402.49- 411.60
Trend: Up


Other news

US stocks open higher on Friday as trade concerns eased

US stock markets began the last trading session of the week slightly higher after the media reported that Washington is ready to grant temporary tariff exemptions to 437 Chinese products. At the same time, another report claimed that the United States would not remove import tariffs on auto parts made in Japan as part of the expected trade agreement. In business news, Apple launched. The new iPhone 11 series worldwide.…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.